Volvo Cars reports best-ever second half performance in 2020
Volvo Cars reported its best-ever second half profit and sales volumes in 2020, illustrating the company’s success in mitigating and recovering from the impact of the coronavirus pandemic earlier in the year.
The company reported revenue of 151 billion SEK and an operating profit of 9.5 billion SEK for the second six months of 2020. Profits increased by 8.2 per cent during the period, while revenues were up by 4.9 per cent.
Volvo Cars sold 391,751 cars in the second six months of 2020, an increase of 7.4 per cent compared to the same period in 2019, taking market share in most markets.
Feb 04, 2021 at 13:16